1. Suppose there are two firms who are Cournot duopolists (set quantity simultaneously) in the wine business. The inverse demand for wine is given by P(Q) = 300 - 0.2Q. One firm has marginal costs of $45 and the other firm has marginal costs of $30. What is the total output produced in the market?

Q: model of an economy with the following equa Yd he fiscal policy multiplier with respect to incon

A: *Answer:

Q: Describe the major risks ( Economic Risk & Political Risk) of international diversification.

A: International diversification entails a number of risks. Political and economic risks are the most…

Q: The market for good B is in equilibrium. Then a technological innovation reduces costs of production…

A: Equilibrium is the condition in which economic forces are perfectly balanced.

Q: Consider an individual with the following utility function, U(x, x) = ax?x5. The current price of x,…

A: Utility Maximization is the condition where consumer spent the income in such a way that maximise…

Q: When is a country said to move into a recession? O a. If actual output falls below the potential…

A: The recession is a situation in the economy when the GDP in the economy has stagnated due to fall in…

Q: Determine the equilibrium price and the quantity of goods traded if the market function of cooking…

A: Demand curve depicts the indirect relationship between quantity demanded and price, keeping other…

Q: Refer to the figure below. Private markets will provide units of this good per day, and the socially…

A: "There are two separate questions so as per the guidelines answer is provided to the first…

Q: Question 3 (Chapter 13) Two firms at the St. Louis airport have franchises to carry passengers to…

A: (a) A dominating strategy is one that a firm pursues regardless of the strategy pursued by the other…

Q: Question 1 Given the following data for a country A for the year ended December 2021 Items Private…

A:

Q: On what moral or legal grounds can a single nation inhibit or prohibit other countries from…

A: A solitary/single country or little gatherings of countries can't stop logical headway in another…

Q: the set of Fationalizable strategies will be the same for party R.) Explain your reasoning. ve Intel…

A: Give P=210-Q and for intel, MC = AC= 60 and for AMD,  AC = MC = 48

Q: In the long run, new firms enter a perfectly competitive market when O A) normal profit is greater…

A: In perfectly competitive market, there are many buyers and sellers. Firms produce identical goods so…

Q: is it true or false In Cass-Ramsey-Koopmans model, the optimal savings rate is determined by the…

A: The Ramsey–Cass–Koopmans model is mainly for economic growth in the long run rather than business…

Q: а.) Your Crush Love Friendship You Love (100, 60) (30, 120) Friendship (60, 50) (40, 40) i. What…

A: Nash equilibrium is a concept within game theory where the optimal outcome of a game is where there…

Q: H2. when Saturday comes, what is the utility of doing your roommate’s request on Saturday under…

A: Utility is an ordering that gives the levels of usefulness or satisfaction of the consumption of one…

Q: Marginal benefit is the benefit that your activity provides to someone else. True False

A: Total benefit is defined as the total amount of benefit received by the consumer from all the…

Q: Distinguish between absolute and comparative advantage.

A: Production means inputs are used to produce goods and services in an economy. It means raw materials…

Q: Assuming that each of the following functions are linear, give an economic interpretation of the…

A: a. C(Y) is the total national consumption when national income is Y. The slope of this function is…

Q: QUESTION 1. Over dinner, your friend mentions an article about a population explosion in Malaysia…

A: The Heckscher-Ohlin model is an economic theory that states nations should export what they can…

Q: Any advance in technology that increases vertical FDI (foreign direct investment) activity in the…

A: Trading is an activity in which firms in different countries exchange goods and services with each…

Q: Please answer fast please help

A: Fiscal policy means the government made their expenditure to construct the roads, infrastructure,…

Q: Consider the market for medical services when there is no insurance using demand and supply graph.…

A: Healthcare Insurance is defined as the kind of insurance which covers medical expenses of the…

Q: Determine the optimal strategy for the situation by representing it as a game and finding the saddle…

A:

Q: How do politics work in organizations? What are the causes, consequences, and ethics of political…

A: Answer -3  This style of politics focuses on using authority to influence organizational…

Q: In October 2018 Canada agree to open the dairy market to US producers as part of the new NAFTA…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Assuming that each of the following functions are linear, give an economic interpretation of the…

A: The correct answer is given in the second step.

Q: The determinants of aggregate demand are factors that can cause the curve to change, they include: O…

A: Aggregate demand basically refers to the total/entire quantity of demand for all final products and…

Q: What are the pros and cons of increasing the minimum wage

A: Employers who give higher wages to their employees are said to be paying efficiency wages. This…

Q: A typical Australian farmer can produce 8000 lbs of wheat or 500 lbs of potatoes per year. A typical…

A: The answer is as follows:-

Q: 5. Down On Our Luck Studios has spent $100 million producing an aw About a Miserable Person. It the…

A: Cost refers to all the expenses and expenditure that incur in an service or production in service.…

Q: At equilibrium in the simple Keynesian model of income determination, which of the following…

A: The equilibrium level of national income is defined by the point where the aggregate demand curve…

Q: A life saving medicine without any close substitutes will tend to have (in absolute value, as usual.…

A: A life saving medicine without any close substitutes will tend to have an inelastic demand curve…

Q: List and discuss the steps in the consumer decision making process. provide an example of each…

A: In the customer decision-making process, there are five critical steps. Customers use this strategy…

Q: Question 1 Given the following data for a country A for the year ended December 2021 Items RM…

A: The worth of a country's completed domestic products and services over a certain time period is…

Q: An architect-engineering firm is planning a parking lot to accommodate 400 vehicles. Each parking…

A: To calculate the final bill for a project, "Construction Cost" refers to the total amount paid by…

Q: No more than 100 words for the answer: Explain, in your own words, the implications of the Positive…

A: The allocation where the consumer who tends to value the good, in turn, receives it is being known…

Q: Suppose, z is given as 2, s is 0.14, depreciation rate is 0.06, and growth rate of labour is 0.08.…

A: Steady state is reached where capital per worker is constant, that is where investment is equal to…

Q: For an IS/LM model of an economy with the following equations: C = 200 + 0.8Yd | = 220 - 25i = 240…

A: The IS-LM model is the demonstration of how the goods market and the asset market interact. The IS…

Q: Suppose the barking syslem in country A has 530 zero, the reserve requrement ratio is serves and…

A: The reserve ratio is the portion of reservable liabilities that commercial banks must hold onto,…

Q: After graduation, you enter salary negotiattons for your first job. Suppose the potentlal employer…

A: Give game has perfect information so we can use the backward induction.

Q: Use the concept of externalities to explain how we might answer the question of what owners may do…

A: An externality is a cost or benefit caused by a producer that is not incurred or received by the…

Q: Question 1 Given the following data for a country A for the year ended December 2021 RM Million 5000…

A:

Q: If the price of hot dogs were to decrease, which of the following changes would we expect to occur…

A: Complement goods: The complement goods are those goods that are consumed together and a single…

Q: Tennis Products, Inc., produces three models of high-quality tennis rackets. The following table…

A: PLEASE FIND THE ANSWER BELOW.   FIXED COST: The term fixed cost refers to a cost that does not…

Q: QUESTION 1. Over dinner, your friend mentions an article about a population explosion in Malaysia…

A: This model is an economic theory that states nations should export what they can create most…

Q: Suppose we estimate the following model of hourly wage as a function of years of education, given…

A: Given the regression equation wage on education.

Q: A restrictive monetary policy in Canada is most likely to: Multiple Choice depreciate the…

A: Central banks use restrictive monetary policy to hinder economic development. The term "restrictive"…

Q: There is a factory that is polluting a lake that is used as a source of water by a farmer. The…

A: According to the question, A factory is polluting a lake that is used as a source of water by a…

Q: The table below represents the revenues for a monopolist. Suppose the monopolist has a marginal cost…

A: Perfectly discriminating firm produces and sell output at where P= MC and sell each unit at…

Q: Given a utility function that represents preference over bundles which consists of two goods. Can we…

A: Let us assume a utility function, u = f(x, y) = xy Let budget constraint be: M = x.Px + y.Py where M…